Nova Vision Acquisition Corp: debt financing — Nova Vision extends business combination deadline to May 10, 2023 via $75K sponsor deposit

Nova Vision Acquisition Corp

Sponsor deposited $75,030.26 into trust account to extend combination period by one month to May 10, 2023.
Promissory note issued to sponsor with principal of $75,030.26, no interest, convertible into units at $10.00 per unit.
Extension provides additional time to complete a business combination; no deal announced.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nova Vision Acquisition Corp incurred loan of $75,030.26 with Nova Pulsar Holdings Limited maturing upon the closing of a business combination.

Instrument: loan
Principal: $75,030.26
Counterparty: Nova Pulsar Holdings Limited
Maturity: upon the closing of a business combination
Event: incurrence

Exact text from the filing

On April 5, 2023, Nova Vision Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $75,030.26 (the “Note”) to Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination.

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Source: SEC EDGAR

accession 0001493152-23-011940

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